Form 990-EZ for tax year 2025

Totals

Total revenue

$73,324

Total expenses

$94,903

Contributions and grants received

$22,171

Grants paid

— not reported

Program service revenue

$48,086

Membership dues (line 3)

— not reported

Investment income (line 4)

$17

Gain or loss on sale of assets (line 5c)

$0

Gaming and fundraising events, net (line 6d)

$3,050

Gross profit on inventory sales (line 7c)

$0

Other revenue (line 8)

— not reported

Total assets, end of year

$16,093

Total liabilities, end of year

— not reported

Net assets or fund balances, end of year

$16,093

Program service expenses (Part III)

$94,903

Program services were 100.0% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2025

• Olive Hill CEDC advanced its homeownership mission in 2025 by conducting 10 education classes each averaging 12 participants from underserved communities across Burke Caldwell Catawba and McDowell Counties. All participants were required to complete financial literacy training as part of the program. We also provided one-on-one counseling to an average of 4 clients per month totaling 48 personalized sessions for the year. These services helped 15 participants successfully transition to homeownership. Despite being led by just two staff members our team extended its reach through recurring Homeownership Month events with Habitat for Humanity of Catawba County and outreach efforts with the Health Department Employment Security Commission Community Health Needs Assessment and the Burke County Housing Development Workgroup. With additional funding Olive Hill CEDC could expand these outcomes and serve significantly more families across the region.

  Expenses $47,452

• Foreclosure Prevention and Housing Stability: Olive Hill CEDC provided foreclosure prevention and housing stability counseling to homeowners experiencing mortgage delinquency financial hardship job loss reduced income medical challenges and other circumstances threatening their ability to remain housed. Services included individualized financial assessments household budgeting review of mortgage and delinquency information assistance communicating with mortgage servicers loss-mitigation preparation and development of written action plans. Clients received guidance on repayment plans loan modifications forbearance options available assistance programs and other alternatives to foreclosure when appropriate. OHCEDC also coordinated referrals to legal financial and community resources when additional assistance was needed. These services helped homeowners better understand their options respond to servicer requirements address delinquency and work toward preserving stabl

  Expenses $37,961

• Olive Hill CEDC supported local entrepreneurship and economic mobility by providing small business counseling strategic planning support and access to capital guidance to 18 clients in 2025. Services included one-on-one business plan development financial readiness assessments and assistance navigating startup and expansion challenges. As part of our effort to connect underserved entrepreneurs to culturally responsive lending we referred 6 clients to Mountain BizWorks Multicultural Catalyst Fund for non-traditional financing. Additionally 1 client was referred to The Industrial Commons loan program for targeted financial assistance. These referrals helped clients secure capital formalize operations and move closer to sustainable income generation. Through this work Olive Hill CEDC continues to close racial wealth gaps and expand inclusive economic opportunity for emerging business owners in western North Carolina.

  Expenses $9,490

• Form 990-EZ Part III - Homeownership & Financial Literacy Olive Hill CEDC conducted 10 homeownership education classes in 2024 each averaging 8-12 participants. All participants were required to complete financial literacy training. Additionally 48 one-on-one housing counseling sessions were provided throughout the year. These efforts resulted in 15 first-time home purchases. Despite a two-person staff Olive Hill expanded reach through Homeownership Month events with Habitat for Humanity and partnerships with agencies like the Health Department Employment Security Commission and county housing workgroups.

• Form 990-EZ Part III - Disaster Recovery In response to Tropical Storm Helene Olive Hill CEDC provided post-disaster support to over 100 residents in western North Carolina. Services included housing counseling emergency financial literacy rental support and referrals to housing repair and legal aid resources. These efforts helped stabilize vulnerable households and extended Olive Hills capacity to respond equitably and effectively to regional recovery needs.

• Form 990-EZ Part III - Small Business Development Olive Hill CEDC provided small business counseling planning support and capital access navigation to 18 clients. Six were referred to Mountain BizWorks Multicultural Catalyst Fund for nontraditional financing and one was referred to The Industrial Commons loan program. These services helped underserved entrepreneurs build capacity and move toward sustainable income generation.

• Form 990-EZ Part V Line 34 - Changes to Organizing Documents No significant changes were made to the organizations organizing documents in 2024.

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part IV

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990_ez

Tax year

2025

Filed

2 September 2026

IRS schema version

2025v4.2

Source object

202632459349200703

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